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Lithium in 2018

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“Whether it’s a car maker or a big battery materials company, there is insatiable demand [for lithium],” said Ken Brinsden, managing director of Pilbara Minerals (ASX:PLS). Brinsden also talked about the next milestones for Pilbara, which recently produced its first concentrate at its Pilgangoora project.

Speaking about the current state of demand, Benchmark Mineral Intelligence Senior Analyst Miller said demand growth in China had been a bit slower in the first half of the year, something he expects to improve in the second half.

Howard Klein, founder of RK Equity and author of the Lithium-ion Bull newsletter, talked about the current trends in the lithium space. “A lot of the lithium forecasts have been focus on 2025 and that started about two or three years ago, but now we’re getting closer to 2030. And I think that’s important because the real inflection point and the uplift will happen post 2025,” he said.

Speaking about whether lithium carbonate and hydroxide prices will converge in the near future, Andy Leyland, Benchmark Mineral Intelligence Head of Forecasting, said that from a production cost point of view, in the long-term, some convergence in the market is expected. “However, what you’re seeing at the moment is a lot more demand for lithium hydroxide in the immediate future,” he added.

Benchmark Mineral Intelligence analyst Albert Li, who is focused on market research, price assessments and trends in China, said there are political and economical factors that could impact the market in the Asian country.

Speaking about cobalt supply, Anthony Milewski, CEO of Cobalt 27 (TSXV:KBLT) said he expects a number of cobalt projects to come on stream in the next few years, which will help supply the demand from the electric car sector.

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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in contributed article. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Cryptocurrency has become worldwide famous among the people. Many believe that investing in cryptocurrency will generate more revenue this year.

Many people have internet access today, which is one of the reasons why investing in cryptocurrency is increasing day by day.

Virtual Coins

Virtual coins are known as a dispersing electronic form of currency that does not have any presence in physical form. Virtual coins are a specific form of digital currency/money that uses an encryption method to make the transaction secure and control forming new units.

Pure Global Cannabis Inc. (TSX.V: PURE) (OTC: PRCNF) (the “Company” or “Pure Global” or “PURE”), a vertically-integrated, growth-oriented life sciences cannabis company, is pleased to announce that its wholly-owned subsidiary, PureSinse Inc. (“PureSinse”), has agreed to purchase from The Supreme Cannabis Company Inc (TSXV:FIRE) an additional 210kg of medical cannabis for resale.

PURE’s President & CEO Malay Panchal stated: “We are very pleased to secure a significant volume of additional product that meets our standards of quality from our great partner, Supreme. With this order, our company will have ample cannabis inventory to go to market within the next few months, in addition to enabling us to launch several clinical studies in specific therapeutic areas.”

PureSinse is one of the first Licensed Producers to receive a cultivation license prior to building out growing systems. Instead, the company focused its initial efforts and resources on R&D, and establishing sales, IT, and operational systems. This uniquely positions the company to generate sales more quickly and with less upfront capital outlay than its peers.

PURE is positioning itself to be a dominant player in the cannabis pharma, health & wellness, and consumer goods sectors by committing itself to creating unique cannabinoid-based delivery systems and formulations with sustainable packaging. The company will soon begin selling dried flower and cannabis oils, followed by capsules, sublingual sprays, edibles, vape pens, and ultimately a full range of premium quality CBD and cannabis-based consumer goods for medical and adult-legal sales. The company is also on track to obtain EU Good Manufacturing Practice (GMP) and ISO certifications in early 2019 for expanding its sales to international markets.

The Supreme Cannabis Company Inc. (TSXV: FIRE) is a Canadian publicly traded company committed to providing premium brands and products that proudly reflect its consumers, people and uniquely innovative culture. The Company’s portfolio includes its wholly-owned subsidiary and flagship brand 7ACRES.

7ACRES is a federally licensed producer of medical cannabis operating inside a 342,000-square-foot facility in Kincardine, Ontario. 7ACRES is dedicated to providing consumers with a premium-quality product that recognizes its customers are informed, discerning and value a brand and culture that aligns with their principles. 7ACRES brand success has been reflected in provincial supply agreements, where 7ACRES’ product is consistently listed in the highest brand category available to recreational consumers.

This news release contains certain forward-looking statements, including, but not limited to, statements about Pure Global’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Pure Global cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Pure Global assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Largo Resources (TSX: LGO,OTCQX:LGORF) is very pleased to report record net income of C$ 90.7 million (C$ 0.17 per share) and cash flows provided before non-cash working capital items of C$ 77.7 million on revenues of C$ 103.3 million in the three-month period ended June 30, 2018.

Toronto-based Largo Resources, is a strategic mineral company focused on the production of vanadium flake, high purity vanadium flake and high purity vanadium powder at the Maracás Menchen mine in Brazil.

As quoted from the press release:

Q2 2018 Highlights

Net income of C$ 90.7 million and earnings per share of C$ 0.17 after a deferred income tax recovery of C$ 45.6 million

Revenues of C$ 103.3 million in Q2 2018, a 189 percent increase over Q2 2017 and a 13 percent increase over Q1 2018

Cash provided before non-cash working capital items of C$ 77.7 million in Q2 2018, an increase of C$ 66.7 million over Q2 2017

Total production of 2,458 tonnes of V2O5 in Q2 2018, a 13 percent increase over Q2 2017 and an 11 percent increase over Q1 2018

“We are extremely pleased with our financial and overall operational performance during the second quarter of 2018. In continuing the success of Q1 2018, Largo recognized revenues of C$ 103.3 million during the quarter and achieved net income of $ 90.7 million, including a non-cash deferred income tax recovery of C$ 45.6 million. Importantly, because of this ongoing strong performance, our net debt level as at June 30, 2018 was approximately C$ 115 million, or approximately US$ 87 million,” said Mark Smith, President and CEO for Largo.

Mid-July was looking promising for the coin as it began a sudden bull-run which saw Bitcoin climb to a peak of around $ 8,450.

But typically reflective of this volatile marketplace, the highs did not last long and BTC has been on a steady downward climb since hitting the peak. Once August kicked in, it seemed any progress made in those impressive …

Stuppler said of Donn, “His resume is so distinguished that about the only thing I can say about him where you won’t immediately know who he is, is that he once served on the ANA board of governors. This is great public service, but there is so much more to his half century of service to numismatics.

“He worked 25 years for WBBM News Radio 78 in Chicago. Among his many assignments were regular presentations on numismatic topics.

“He launched his own public relations firm after his radio career. He counts the best and brightest of numismatists among his many clients.

“He is the one who thought up the idea of offering a $ 10,000 reward for the missing fifth 1913 Liberty head nickel.

“The result was amazing. The nickel showed up after 41 years at the 2003 ANA convention in Baltimore in the hands of the Walton family, relatives of the last recorded owner.

“He makes his success look so easy. It isn’t. It takes hard work. No one works harder at his craft.

“He has written hundreds of articles for magazines and newspapers about numismatics. He wrote four books.

“He has been recognized by other organizations.

“The Numismatic Literary Guild bestowed its top award, the Clemy, on him in 1984.

“He was given the highest ANA Award, the Farran Zerbe, in 2015.

“Tonight, I want to say that we have saved the best award for last.

“Now it is my pleasure to present the PNG’s Lifetime Achievement Award to a man who has never been at a loss for words about numismatics, Donn Pearlman.”

As you can see, I am letting Barry’s words speak for themselves.

Putting together a record like Donn’s that extends well over half a century is truly humbling to consider. Again, congratulations.

But he is not the only one who has given much to organized numismatics.

PNG honored other outstanding individuals.

The Robert Friedberg Award for an outstanding book or other literature was presented to author Don C. Kelly for Obsolete Paper Money – A Guide With Prices, published by The Paper Money Institute, LLC, Oxford, Ohio, 2018.

The Sol Kaplan Award, which recognizes efforts and contributions in combating crimes against the numismatic community and is jointly presented by the PNG and the Lewis M. Reagan Foundation, was given to Richard Weaver of Delaware Valley Rare Coin in Broomall, Pa.

“Exploration at Daro is continuing to yield exciting results, with high gold and copper assays returning from a number of surface sampling programmes, including 37 g/t gold and 22.7 percent copper. The presence of gossans, polymetallic mineralisation, significant artisanal gold workings and favourable host geology continues to indicate the potential for a VMS discovery within Daro.”

Australian speciality metals producer Wolf Minerals Limited (ASX:WLF,LSE:WLFE) reports it has now executed all necessary full form standstill, amended and restated agreements relating to the company’s debt facilities with its existing senior lenders and bridge loan facility to support Wolf’s short-term working capital requirements until the end of October.

Wolf Minerals primary focus is the advancement of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.

As quoted from the press release:

The company has received guarantor consent from the German government’s untied loan guarantee scheme (Ungebundene Finanzkreditdeckung – UFK) to enter into and implement the relevant agreements, which (amongst other things) confirm the deferral of principal, interest and other amounts that were due in relation to the senior debt at the end of July 2018.

In addition, the company has received:

the initial tranche of £2 million from the additional £4 million, secured priority loan (Priority Bridge Loan) under the amended and restated bridge facility; and

the initial £0.9 million of the £1.7 million available from the cash balance previously restricted for use on the noise and vibration management plan.

The further standstill arrangements provided for by the agreements will commence on satisfaction of the relevant conditions precedent, which Wolf expects to take place within the next few days. Those arrangements include certain waivers of, and amendments to, the senior debt and bridge facility conditions for any non-compliance prior to or during the standstill period. The further standstill arrangements terminate on the earlier of October 28, 2018 or the occurrence of specific limited events of default.

India has been weighing its regulations on cryptocurrency for the past few months and it seems the government will finally come to a conclusion about blockchain and digital currencies by the end of 2018, Quartz India reports.

India Crypto Regulations

The Finance Ministry Panel in India is still evaluating how to treat blockchain and cryptocurrencies separately. The crypto ban in the country was first announced back in early April of this year, but the country’s regulators didn’t act on anything until July.

The recently elected Premier Doug Ford will scrap the system put in place by the previous Ontario administration, in favour of an open system with private retailers in mind. However the province will only have online-sales available for consumers after the legalization of cannabis on October 17.

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“We will be ready to put in place a safe, legal system for cannabis retail that will protect consumers,” Minister of Finance Vic Fedeli said. The minister added added the government has no plans to be in the business of operating a network of cannabis shops in Ontario.

The government announced the introduction of an approving seal for “legitimate retailers” carrying product from licensed producers (LPs) only.

This decision from the Ontario government represents yet another delay for cannabis consumers in the province to gain legal retail options to purchase the drug.

Following the approval of Bill C-45 in the House of Commons and the Senate, Canadian Prime Minister Justin Trudeau confirmed the enactment of the bill was set in October, to accommodate the needs from the provinces to properly set up their models.

Municipalities in Ontario will be given what the provincial government is calling a “one-time window” to decide whether or not they will allow retail shops of recreational cannabis.

The province announced retailer hopefuls will have to follow a set of new mandates in order to be approved.

“Ontario will begin to consult on a number of rules all retailers will be mandated to follow including set hours of operation and staff training,” the province said.

This process will include conversations with Ontario municipalities, Indigenous communities, law enforcement, public health advocates, businesses and consumer groups as well as fellow province representatives.

Investor takeaway

Several cannabis companies have expressed interest in the retail landscape particularly with the province of Ontario. It will be key for investors to follow the performance of companies with retail aspirations during Tuesday’s (August 14) trading session.

One recent case of a cannabis company making a specific purchase for an entry into the retail space was Canopy Growth (TSX:WEED; NYSE:CGC) acquiringHiku Brands (CSE:HIKU).

On Monday the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ), which holds close to 40 cannabis stocks, closed the day with a 3.41 percent decline and a price of C$ 15.28.

Multiple reports this year have concluded that ICOs raised more money in 2018 than all of the ICOs launched during the 2017 bull market. A recent study from Autonomous Research states “Through June of 2018, we saw $ 12 billion of funding flow through into token offerings.”

The research firm goes on to suggest its estimates are likely conservative, explaining “Our numbers track only those ICOs with $ 1 million or more raised, so the numbers could be slightly higher…”

Looking at the numbers, the company had a total comprehensive loss of US$ 38 million for Q2 compared to a loss of US$ 11.4 million for the same quarter of 2017. Ivanhoe explains that this was primarily due to a 16-percent weakening of the South African rand between the two periods.

A loss on paper says little, however, as over the quarter the arrangement with CITIC has led to over US$ 800 million in investments in Ivanhoe’s three African projects — the Kipushi zinc-copper project and the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC), and the Platreef platinum-group metals project in South Africa.

“Finance income for the three months ending June 30, 2018, amounted to US$ 10.9 million, and was US$ 1.7 million more than for the same period in 2017 (US$ 9.2 million). The increase mainly was due to interest earned on loans to the Kamoa Holding joint venture to fund operations that amounted to US$ 9.7 million in 2018, as the accumulated loan balance increased,” the company said.

Over Q2, the company spent US$ 2.8 million on exploration, with almost all going towards its Western Foreland licenses in the DRC. While exploration expenses are down year-on-year by over 70 percent, that’s mainly because the three major projects are so advanced they no longer require exploration.

“In Q2 2017, US$ 9.5 million of the total US$ 9.6 million exploration and project expenditure related to the Kipushi Project,” said the company — revealing that in 2018 the Western Foreland licenses will receive a huge increase in funding overall.

The Western Foreland licenses, where the company completed 6,857 meters of drilling in Q2, are to the west of the Kamoa-Kakula project and target high-grade copper trends “emanating from Kamoa North.” Drilling is also allowing the company to detail the characteristics of the Makoko area.

“In September, Ivanhoe expects to be in a position to provide an important update on its Makoko and Kamoa North exploration programs,” the company stated.

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The arrangement with China’s CITIC, announced in June, will see C$ 723 million injected into the major projects, while anti-dilution rights by Zijin Mining (HKEX:2899), which holds a stake in Ivanhoe, will see another C$ 78 million go towards the projects.

The deal makes Beijing-headquartered CITIC the Canadian company’s largest single shareholder, with Friedland now in second place with a 17-percent stake. Friedland will also become a co-chairman alongside a CITIC-appointed co-chairman.

The Platreef project has seen progress with the sinking of shaft 1 to 750 meters with a planned final depth of 982 meters. The target orebody is located 783 meters below the surface and is projected to be reached in Q3. Meanwhile, surface work on shaft 2 at the platinum–palladium–nickel-copper-gold project is continuing.